Latinnews Daily - 16 April 2004

The county's financial markets were expecting a peaceful Thursday after the decision by the central bank to chop base interest rates by 0.25 of a percentage point on Wednesday. They reckoned without JP Morgan, which released a startlingly negative report on the economy's prospects yesterday. The markets jumped: the country risk premium shot up almost 11%; the dollar fell by 1% and the stockmarket dropped 2.57%.

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